ALD S.A., together with its subsidiaries, provides service leasing and vehicle fleet management services.
Average dividend payer and fair value.
Share Price & News
How has ALD's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3AL's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 3AL exceeded the German Transportation industry which returned -32.8% over the past year.
Return vs Market: 3AL underperformed the German Market which returned -4.5% over the past year.
Price Volatility Vs. Market
How volatile is ALD's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is ALD undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 3AL (€9.24) is trading above our estimate of fair value (€8.07)
Significantly Below Fair Value: 3AL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 3AL is good value based on its PE Ratio (7x) compared to the Transportation industry average (8.6x).
PE vs Market: 3AL is good value based on its PE Ratio (7x) compared to the German market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: 3AL is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 3AL is good value based on its PB Ratio (1x) compared to the XE Transportation industry average (1.1x).
How is ALD forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3AL's forecast earnings growth (6.4% per year) is above the savings rate (0.2%).
Earnings vs Market: 3AL's earnings (6.4% per year) are forecast to grow slower than the German market (21.7% per year).
High Growth Earnings: 3AL's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3AL's revenue (5.4% per year) is forecast to grow slower than the German market (5.6% per year).
High Growth Revenue: 3AL's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3AL's Return on Equity is forecast to be low in 3 years time (11.7%).
How has ALD performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3AL has high quality earnings.
Growing Profit Margin: 3AL's current net profit margins (5.6%) are lower than last year (6.1%).
Past Earnings Growth Analysis
Earnings Trend: 3AL's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: 3AL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3AL had negative earnings growth (-0.6%) over the past year, making it difficult to compare to the Transportation industry average (0.6%).
Return on Equity
High ROE: 3AL's Return on Equity (13.8%) is considered low.
How is ALD's financial position?
Financial Position Analysis
Short Term Liabilities: 3AL's short term assets (€3.7B) do not cover its short term liabilities (€8.4B).
Long Term Liabilities: 3AL's short term assets (€3.7B) do not cover its long term liabilities (€13.2B).
Debt to Equity History and Analysis
Debt Level: 3AL's debt to equity ratio (456.9%) is considered high.
Reducing Debt: 3AL's debt to equity ratio has reduced from 537.9% to 456.9% over the past 5 years.
Debt Coverage: 3AL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 3AL's interest payments on its debt are well covered by EBIT.
What is ALD's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 3AL's dividend (6.6%) is higher than the bottom 25% of dividend payers in the German market (1.37%).
High Dividend: 3AL's dividend (6.6%) is in the top 25% of dividend payers in the German market (4.19%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 3AL has been paying a dividend for less than 10 years.
Growing Dividend: 3AL's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.3%), 3AL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3AL's dividends in 3 years are forecast to be well covered by earnings (46.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Albertsen (56yo)
Mr. Tim T. Albertsen has been Chief Executive Officer of ALD Automotive at Société Générale SA since March 2020. He has been Chief Executive Officer of ALD S.A. since March 27, 2020 and served as its Direc ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD838.13K) is below average for companies of similar size in the German market ($USD2.69M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||0.17yr||€769.40k||0.0019% €73.5k|
|Deputy Chief Executive Officer||1.08yrs||€880.85k||no data|
|Deputy Chief Executive Officer||3.17yrs||€456.48k||0.00045% €17.9k|
|Chief Financial Officer||8yrs||no data||no data|
|Chief Administrative Officer & Head of Investor Relations||1.33yrs||no data||0.00050% €19.9k|
|Legal and Compliance Director||3.17yrs||no data||no data|
|Sales & Marketing Director||3.17yrs||no data||no data|
|Head of International Sales - New Business||3.5yrs||no data||no data|
|Head of Client Relations||3.17yrs||no data||no data|
|Chief Commercial Officer||4.33yrs||no data||no data|
Experienced Management: 3AL's management team is considered experienced (3.2 years average tenure).
|Independent Director||2.92yrs||€40.00k||0.00025% €9.9k|
|Director||10.92yrs||no data||0.00050% €19.9k|
|Independent Director||2.92yrs||€72.00k||0.00027% €10.7k|
|Chairman & President||1yr||no data||no data|
|Independent Director||2.92yrs||€48.00k||0.00025% €9.9k|
|Independent Director||2.92yrs||€60.00k||0.00042% €16.7k|
|Director||8.5yrs||no data||0.000060% €2.4k|
|Director||1.75yrs||no data||no data|
|Director||0.50yr||no data||no data|
Experienced Board: 3AL's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ALD S.A.'s company bio, employee growth, exchange listings and data sources
- Name: ALD S.A.
- Ticker: 3AL
- Exchange: DB
- Founded: 1946
- Industry: Trucking
- Sector: Transportation
- Market Cap: €3.973b
- Shares outstanding: 403.38m
- Website: https://www.aldautomotive.com
Number of Employees
- ALD S.A.
- 1-3 Rue EugEne et Armand
- Peugeot Corosa
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ALD||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Jun 2017|
|0RSP||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 2017|
|3AL||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2017|
|ALDP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jun 2017|
|ALLD.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 2017|
ALD S.A., together with its subsidiaries, provides service leasing and vehicle fleet management services. Its products and services include full service leasing, fleet management, outsourcing solutions, and sale and lease back; fleet consultancy; tools and services for fleet managers and drivers; and maintenance, assistance, availability of a vehicle, and tire management services. The company is also involved in trading used cars and light commercial vehicles; and the retail sale of vehicles. It operates in Western Europe, Central and Eastern Europe, Northern Europe, South America, Africa, and Asia. ALD S.A. was founded in 1946 and is based in Rueil-Malmaison, France. ALD S.A. is a subsidiary of Société Générale SA.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/26 00:09|
|End of Day Share Price||2020/05/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.